Yep no longer any debt problems and far better prospects for FY11. Should be a cracker over the next couple of months.....
BUT
as of this week you've got the best part of 3Billion shares of 2/3 of the stock with a cost base of $0.27. Thats a BIG dillution/overhang of stock and understandably a % of those holders are looking to lock in some of their profits.
With 300m stock traded in the last two days it shouldn't take too long to even out however the next week or so I would assume it'll get closer to that $0.27 mark before it bounces.
BLY Price at posting:
$3.10 Sentiment: LT Buy Disclosure: Held